Frequently Asked Questions & Resources

Sort through our frequently asked questions to learn more about your debt and our debt relief program.
cartoon question mark with two women

Quarterspot

Struggling with business debt from QuarterSpot?

If you are behind in payments on your business debt, you’re not alone. Many others have borrowed thinking it would help their business just get by until more money came in. Business financing alternatives and business loans, like those offered by QuarterSpot, can be difficult for businesses to manage, especially while trying to keep up with other bills.

Quarterspot was a lender that claimed to offer fast access to business funding up to $250,000. Quarterspot stopped making new loans in 2020. The technology assets of QuarterSpot were purchased by Lendio in 2021.

In many cases, these merchant cash advances, which are really business loans under a different name, can become a nightmare for businesses. Dealing with high rates or APRs, businesses often struggle to make payments on business loans or MCAs while also trying to manage other expenses.

Your business doesn’t have to go through this kind of struggle. There are solutions and alternatives to merchant cash advances, like those from QuarterSpot. Your business may consider a line of credit, which works similar to a credit card and typically has a more favorable interest rate than a merchant cash advance. Short-term loans can also be an option. Because of the shorter repayment term, qualifying criteria are often more lenient than for a traditional loan.

Solutions offered by Tayne Law Group’s make sense when you’re struggling to manage your business debt from companies like QuarterSpot. With our experience and reliability in the industry, you can trust that you’re in the best possible place. Tayne Law Group is made up of professionals who will be on your side. We are not a cookie-cutter, one-size-fits-all debt settlement or debt consolidation company. With no interest and no monthly service fees, your business can resume operations without the worry of bankruptcy. Our team will never ask you to take on more debt. The future of your business needs a positive change now. We are standing by to speak with you about how we can help – the call is always free! 1-866-890-7337

FAQs about QuarterSpot

What is QuarterSpot?

It was a company that offered funding to businesses in the form of merchant cash advances up to $250,000.

Why would a business work with QuarterSpot?

The company claimed to offer access to funds within 24 hours. Additionally, the company stated that borrowing will not impact your personal credit and can help build your business credit.

How are merchant cash advances repaid?

Businesses repay merchant cash advances or business loans, like those from QuarterSpot, by guaranteeing a portion of their sales to the creditor. The borrowing business makes these payments frequently, often on a daily or weekly basis, which can lead to high interest or APRs and paying back substantially more than you borrowed. Loan terms on business debt or MCAs are often short, generally ranging from 3-12 months.

Where was QuarterSpot located?

333 7th Avenue Suite 1402
New York, NY 10001 United States

left Back to FAQs

Ready to get started?

Your first consultation is always free.

Request A Free Consultation

Your initial phone consultation is free and requires no committment!
A team member will respond within 1 business day.

Ask us anything

We know there are a million questions to ask, which is why we maintain a strict no-billing policy. As a client, you can ask us about credit cards, debt consolidation, your credit report, anything really, and we won’t send you an unexpected bill. Instead, you make one low monthly payment that fits your budget. By keeping it simple, you can have peace of mind and focus on paying down your debt.

Play Video

Why people choose Tayne Law

A debt relief law firm

Personalized Program

Every situation is unique. We’ll work with you to find a solution that resolves your debt and frees up your cash flow.

No-billing
Policy

You make one low monthly payment and will never get an unexpected bill.

Experienced Debt Attorneys

We have more than 20-years of experience providing clients with debt relief.

Confidential & Trusted

As a law firm, our attorneys follow strict client confidentiality. Our services are discrete and effective.

Work with Creditors

We work with all creditors, whether you’re dealing with a collections firm, a national bank, credit union, or another lender.

cartoon man with envelope

Money moves to help you stay on track

Sign up for monthly updates, articles, money advice, and timely topics to keep your finances on track.

Request a Free Consultation

Your initial phone consultation is free and requires no committment!
A team member will respond within 1 business day.

tayne icon on cartoon letter in enveloper

Message Sent!

A Tayne Law team member will respond within
1 business day.